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Articles Tagged: "Budget Deficit"

Budget Deficit

EDITORIAL: Higher taxes don't prevent higher debt

An editorial by the Orange County Register explaining how attempts to solve state debt problems through tax increases have not helped the state through a rough patch, but are, in fact, enabling California to go deeper into debt.

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OPINION: The Myth of a California Renaissance

Victor Hanson of the National Review refutes claims that Governor Brown has "pulling California back from the brink of disaster", stating that stat unemployment has increased significantly in the recent month and the so-called "wall of debt" is in the hundreds of billions, not the $35 billion that has been claimed.

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OPINION: Dan Walters: $10 billion in debt not on Jerry Brown's wall

Dan Walters writing for the Sacramento Bee explains how Governor Brown's "$30 billion wall of debt" is careful to exclude money California borrowed from the federal government to keep unemployment insurance flowing after the fund ran out a couple of years ago. Now with that loan due, California is attempting to pay it off with ever increasing employers' payroll taxes, which is putting more stress on small businesses.

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Filed Under: News

NEWS: Report: California governments could be $1.1 trillion in debt

The Sacramento Bee reports on a new study by the California Public Policy Center that shows California's state and local governments are at least $648 billion in debt and the total could surpass $1.1 trillion.

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Filed Under: News

EDITORIAL: How Big is California’s “Wall of Debt”?

Union Watchdog editorial breaking down exactly how big California's "Wall of Debt" is and what it consists of.

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Filed Under: News